Invesco Actively Managed Exchange-Traded Fund Trust - Invesco Intermediate Municipal ETF

Frequently Asked Questions About INTM

What does INTM invest in?

INTM is an actively managed ETF investing in municipal securities and related instruments with income exempt from federal income taxes, investment grade (rated BBB-/Baa3 or better or deemed comparable by the Sub-Adviser). It can also invest up to 20% in below-investment-grade municipal securities, or junk bonds, and may exceed this ratio if downgrades occur. The fund's portfolio may concentrate more than 25% in certain municipal market segments if justified, with limits on industry exposures. Investments may include general and revenue obligations, notes, leases, custodial receipts, and derivatives (e.g., futures, swaps) for hedging. The fund may engage in leverage via inverse floaters or buy illiquid and restricted securities. Average effective maturity is targeted at 46 years but may vary. The Sub-Adviser actively manages risk, maturity, and credit quality based on market, economic, and issuer-specific factors.

What is the expense ratio of INTM?

Invesco Actively Managed Exchange-Traded Fund Trust - Invesco Intermediate Municipal ETF (INTM) charges an expense ratio of 0.35%. This is the annual fee deducted from fund assets to cover management and operations.

What is INTM's dividend yield?

INTM's trailing-twelve-month yield is 3.62%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of INTM?

Effective duration measures INTM's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. INTM's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of INTM?

INTM's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of INTM?

Yield to maturity (YTM) is the total return you'd earn from INTM if every bond in the portfolio is held to maturity at the current price. INTM's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.